The Flying Time of a Drone Airplane Has a Normal

question 12

Multiple Choice

The flying time of a drone airplane has a normal distribution with mean 4.76 hours and standard deviation of .04 hours. What is the probability that the drone will fly less than 4.66 hours?

• A) −.0062
• B) .5062
• C) .0062
• D) .9938

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Definitions:

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in its price, with elasticity referring to the degree of responsiveness.

Good Substitutes

Products or services that can be used in place of each other, having a high cross-elasticity of demand.

Income Elasticity Coefficient

A measure indicating how much the quantity demanded of a good responds to change in consumer income.

Recessions

Periods of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in successive quarters.